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The Foundation 05/21/2020

Ordinary meeting of the Princess of Asturias Foundation Board of Trustees

Held today via video conference


The Princess of Asturias Foundation Board of Trustees held its annual meeting today via video conference to approve the accounts, audit report and management report corresponding to the financial year 2019.

In addition to hearing reports from the institution’s president, Luis Fernández-Vega, and director, Teresa Sanjurjo, the members of the Board of Trustees were presented with the annual report on the activities undertaken in 2019. It was also informed as to the financial situation and assets of the Foundation, which ended the year with positive net income and a similar level of expenditure to that of the previous year. The Foundation’s overall expenditure in 2019 amounted to 5.6 million euros.

The Board of Trustees likewise approved the addition to this governing body of Maite Arango García-Urtiaga, who will also become an honorary member of the Princess of Asturias Board of Trustees. The latter board will also be joined by the company Merlin Properties, represented by the president of its Board of Directors, Javier García-Carranza Benjumea.

Given the health emergency situation resulting from the COVID-19 pandemic and in order to preserve the health of their members and not contribute to the spread of the virus, the Board of Trustees has decided to prolong the suspension of the activities of the Foundation’s choirs until 31st December next, when the situation will be assessed once again.

Activities Report 2019(link)
Among the details and information related to the activities undertaken throughout 2019, the most significant correspond to the granting and presentation of the Princess of Asturias Awards and the arrangements for the cultural week surrounding the Awards Ceremony. Last year, these included 56 free events open to the public, attended by more than 26 000 people, as well as the “Taking the Floor” educational programme, aimed at making the work of the Laureates better known to schoolchildren, which counted on 6948 participations of pupils from 114 schools in the Principality of Asturias. Furthermore, the activities of the Musical Department brought together more than 19 000 people during 2019.

BIOGRAPHY OF Maite Arango García-Urtiaga

Chairperson of Ashoka Spain and member of the Ashoka Support Network, she holds a Bachelor of Arts from Scripps College (California) and is a 2018 Fellow of the Distinguished Careers Institute at Stanford University. She chairs the Advisory Group of the Wellbeing Project and is vice-president and member of the Board of Trustees of the Fundación Hazloposible, a private non-profit entity that innovatively promotes the involvement of society in solidarity causes, using information and communication technologies. She is founder, vice president and member of the Executive Commission of the SERES Foundation composed of more than 150 companies, representing around 70% of the IBEX 35 companies, which works to reinforce and promote Corporate Responsibility as a strategic part of corporate business, promoting the spirit of collaboration among its partners. She has been a member of the ESADE Professional Council since its creation in 2003, as well as a member of its International Advisory Board since 2017. She was a shareholder and vice-president of the Board of Directors of Grupo Vips until December 2018.

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